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Hedge funds stay bullish as OPEC+ supports oil

Hedge funds and other money managers purchased the equivalent of 16 million barrels in the six most important petroleum futures and options contracts in the week ending on March 9 ....

Hedge Funds , ஹெட்ஜ் நிதி ,

Permex Petroleum Corporation Expands Its Oil and Natural Gas Royalty Acquisitions into the Permian Basin of New Mexico


Permex Petroleum Corporation Expands Its Oil and Natural Gas Royalty Acquisitions into the Permian Basin of New Mexico
Permex or the
Company) (CSE: OIL) (OTCQB: OILCF) is pleased to announce the expansion of its royalty acquisitions program by purchasing producing royalty interests in (5) horizontal oil and natural gas wells plus four permitted wells located in Lea County, New Mexico.
Major structural features in the region of Permian Basin
Source: U.S Information Administration
https://orders.newsfilecorp.com/files/5999/77310 fd8b947454f97adc 001full.jpg
These properties are located within the Wildcat field of the Wolfbone Shale (Wolfcamp - Bone Spring). Combined these wells have produced an average of 5,455 barrels of oil per day ( BOPD ) and 7.3 million cubic feet of gas per day ( MMCFPD ) over the past five (3) month reported period from completion intervals of 12,939- 23,536 feet. The wells are being operated by COG Operating, LLC of Midland, Tex ....

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Fuel marketers flout FG's directive, adopt different prices NEWS


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Despite assurances from the Federal Government and the Nigerian National Petroleum Corporation (NNPC) at the weekend that the price of Premium Motor Spirit (PMS), popularly called petrol, has not changed, some recalcitrant marketers across the country are stilling selling above the approved retail price of N162/N165.
Investigations on Sunday showed that some filling stations in Irrua and Ekpoma both in Edo State and Ikot Ekpene in Akwa Ibom State sold a litre of petrol at N212.37 and N175 per litre respectively.
At a Danco filling station in Ekiadolor, in the outskirt of Benin, it was long queues of vehicles as petrol sold for N168 per litre.  ....

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